1356 Torgerson Rd SE · Palm Bay, FL 32909

$300,000

3 bd · 2.0 ba · 1,350 sqft · Land · 21 Days on market

Built 2025 0.25 ac lot

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +12.5/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• DSCR +3.7/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• 1% rule +2.2/10.0

Listing remarks MLS

Attention first-time buyers, growing families, downsizers and investors — This is the opportunity you've been waiting for! Why compete in a bidding war on an outdated resale when you can own a brand-new, move-in ready home with luxury upgrades — all for just $300,000! This beautifully designed 3-bedroom home checks every box: Luxury vinyl plank flooring — stylish, durable, and low-maintenance Chef-inspired kitchen with granite counters, stainless appliances. Open-concept layout perfect for entertaining or relaxing. Spacious primary suite with walk-in closet. Impact windows, smart-home ready & energy-efficient — save money and stay protected! Whether you're starting fresh, right-sizing, or looking for a high-demand rental, this home delivers turnkey convenience with zero compromise on style or quality. Conveniently located near shopping, dining, schools, and major commuter routes, this home offers the lifestyle you've been dreaming of — without breaking the bank.

Key facts

• Tiled floors
• Slow close drawers
• Granite counter tops

Tags

• BUILDER WARRANTY TRANSFERABLE
• VINYL PLANK FLOORING
• TILED FLOORS
• SLOW CLOSE DRAWERS
• STAINLESS LG APPLIANCES
• GRANITE COUNTER TOPS

Property features AI

Finance

• Other: Unfurnished

Exterior

• Parking: Attached garage with automatic opener; 2-car garage
• Utilities: Aerobic septic system; Electricity connected
• Home design: Single family residence; East-facing
• Construction: Block, concrete and stucco construction; Shingle roof
• Exterior features: Impact windows; Front porch; Patio; Asphalt road access; Other lot features

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Open floor plan; Kitchen island; Primary bathroom with shower (no tub); Split bedroom layout
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $300k.

Deal economics

• At list price, monthly cash flow is $-43 ($-518/yr) — negative.
• To cash-flow at today's rent, offer at most $292k (2.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $216k (27.9% below list).
• Recommended offer: $216k (27.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 72/100 on livability (#366 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D+, amenities F, health & safety D-.
• Brevard (suburban): math 53% / reading 57% proficiency, ranked #19 of 73 in FL (top 26%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Sunrise Elementary School (math 52% / reading 57%, grade C, #892 of 2,144 statewide, top 44%, 759 students, 58% FRL); Southwest Middle School (math 40% / reading 39%, grade F, #373 of 571 statewide, top 66%, 920 students, 58% FRL); Bayside High School (math 27% / reading 40%, grade F, #400 of 667 statewide, top 61%, 1,854 students, 51% FRL).
• Zoned-school proficiency averages 42% at this address vs 55% district-wide (-12 pts) — the specific schools serving this property underperform the Brevard average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+3.7%/yr); 1111 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 4,602 units permitted in Brevard County in 2024 (702 in 5+ unit buildings).
• This rent runs 32% of the median local income ($80k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $32k of equity ($2k loan paydown + $30k appreciation (10.0% local appreciation)).
• Brevard County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 3.7% rent growth), your $84k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$52k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($296k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 22y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $216,223 (27.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
4. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
5. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.72% ✗
• Cap rate: 6.12%
• Cash-on-cash: -0.62%
• DSCR: 0.97
• GRM: 11.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.67% rent growth · sell at horizon

5-year hold

• IRR: 24.0%
• Equity multiple: 2.93×
• Total profit: $161,939
• Equity at exit: $270,264

10-year hold

• IRR: 21.4%
• Equity multiple: 6.74×
• Total profit: $481,778
• Equity at exit: $582,834

Cash invested: $84,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32909

• Home prices YoY: 6.0%
• Rents YoY: 3.7%
• Active inventory: 1111
• Price-to-rent: 11.6×

Monthly cashflow live

• Estimated rent: $2,162 high
• Mortgage (P&I): −$1,573
• Tax from tax record: −$53 /mo · $638/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$454
• Net cashflow: $-43

Break-even live

Break-even rent $2,217

Max offer price $292,369

Occupancy floor 97%

Sensitivity live

Price	-10% $127	-5% $42	+0% $-43	+5% $-128	+10% $-572
Rent	-10% $-214	-5% $-129	+0% $-43	+5% $42	+10% $128
Rate	-1.0pp $108	-0.5pp $33	base $-43	+0.5pp $-121	+1.0pp $-200

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $75,000
• Closing costs: $9,000
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1063 Grantham Ln SE Palm Bay, FL	3.0	2.0	1515	$2,000	$1.32	24d	1	0.28mi
1213 Waterford St SE Palm Bay, FL	4.0	2.0	1695	$2,000	$1.18	24d	1	0.40mi
3636 Aberdeen Dr SE Palm Bay, FL	4.0	2.0	1830	$2,295	$1.25	19d	1	0.57mi
1434 Garabaldi Cir SE Palm Bay, FL	4.0	2.0	1600	$2,000	$1.25	14d	1	0.59mi
925 Dugan Cir SE Palm Bay, FL	4.0	2.0	1830	$2,295	$1.25	14d	1	0.66mi
1884 Middlebury Dr SE Palm Bay, FL	3.0	2.0	1761	$2,000	$1.14	24d	1	0.72mi
1843 Middlebury Dr SE Palm Bay, FL	4.0	2.0	1822	$2,200	$1.21	24d	1	0.72mi
2073 Farmhouse Rd SE Palm Bay, FL	4.0	2.0	1830	$2,133	$1.17	24d	1	0.94mi
820 Tedder Rd SE Palm Bay, FL	3.0	2.0	1808	$2,000	$1.11	24d	1	1.03mi
2183 Farmhouse Rd SE Palm Bay, FL	3.0	2.0	1676	$2,000	$1.19	24d	1	1.04mi
1198 Venus St SE Palm Bay, FL	3.0	2.0	1535	$1,961	$1.28	21d	1	1.15mi
3219 Hainsworth Ave SE Palm Bay, FL	3.0	2.0	1219	$2,100	$1.72	14d	1	1.49mi

Listing history 24 events

1. 2026-06-05
   statusdays on market $300,000 Pending 21 DOM
2. 2026-06-03
   days on market $300,000 Active Under Contract 20 DOM
3. 2026-06-02
   days on market $300,000 Active Under Contract 19 DOM
4. 2026-06-01
   days on market $300,000 Active Under Contract 18 DOM
5. 2026-05-31
   days on market $300,000 Active Under Contract 17 DOM
6. 2026-05-31
   days on market $300,000 Active Under Contract 16 DOM
7. 2026-05-22
   historical Active Under Contract
8. 2026-05-14
   listed $300,000 Active
9. 2025-06-11
   soldstatus $290,000
10. 2025-06-05
    soldstatus $290,000 Closed 1013-char remark

    Show marketing remark (1013 chars)

    Attention first-time buyers, growing families, downsizers and investors — This is the opportunity you've been waiting for! Why compete in a bidding war on an outdated resale when you can own a brand-new, move-in ready home with luxury upgrades — all for just $300,000! This beautifully designed 3-bedroom home checks every box: Luxury vinyl plank flooring — stylish, durable, and low-maintenance Chef-inspired kitchen with granite counters, stainless appliances. Open-concept layout perfect for entertaining or relaxing. Spacious primary suite with walk-in closet. Impact windows, smart-home ready & energy-efficient — save money and stay protected! Whether you're starting fresh, right-sizing, or looking for a high-demand rental, this home delivers turnkey convenience with zero compromise on style or quality. Conveniently located near shopping, dining, schools, and major commuter routes, this home offers the lifestyle you've been dreaming of — without breaking the bank.

11. 2025-05-23
    status Pending 1013-char remark

    Show marketing remark (1013 chars)

    Attention first-time buyers, growing families, downsizers and investors — This is the opportunity you've been waiting for! Why compete in a bidding war on an outdated resale when you can own a brand-new, move-in ready home with luxury upgrades — all for just $300,000! This beautifully designed 3-bedroom home checks every box: Luxury vinyl plank flooring — stylish, durable, and low-maintenance Chef-inspired kitchen with granite counters, stainless appliances. Open-concept layout perfect for entertaining or relaxing. Spacious primary suite with walk-in closet. Impact windows, smart-home ready & energy-efficient — save money and stay protected! Whether you're starting fresh, right-sizing, or looking for a high-demand rental, this home delivers turnkey convenience with zero compromise on style or quality. Conveniently located near shopping, dining, schools, and major commuter routes, this home offers the lifestyle you've been dreaming of — without breaking the bank.

12. 2025-05-01
    listed $300,000 Active 1013-char remark

    Show marketing remark (1013 chars)

    Attention first-time buyers, growing families, downsizers and investors — This is the opportunity you've been waiting for! Why compete in a bidding war on an outdated resale when you can own a brand-new, move-in ready home with luxury upgrades — all for just $300,000! This beautifully designed 3-bedroom home checks every box: Luxury vinyl plank flooring — stylish, durable, and low-maintenance Chef-inspired kitchen with granite counters, stainless appliances. Open-concept layout perfect for entertaining or relaxing. Spacious primary suite with walk-in closet. Impact windows, smart-home ready & energy-efficient — save money and stay protected! Whether you're starting fresh, right-sizing, or looking for a high-demand rental, this home delivers turnkey convenience with zero compromise on style or quality. Conveniently located near shopping, dining, schools, and major commuter routes, this home offers the lifestyle you've been dreaming of — without breaking the bank.

13. 2024-11-09
    status Pending 826-char remark

    Show marketing remark (826 chars)

    * * Photos are from a spec house that is completed * * Step into the spacious open living room with vaulted ceilings and split bedroom floor plan. The custom trim and high end finishes will impress any buyer. You will not find this level of quality at this price. Beautiful counter tops, upgraded bathrooms, upgraded base board and trim, custom lighting, upgraded LG stainless steel appliances, spacious laundry room, two car garage with off street parking. Bring your first time home buyer or this home would make a beautiful rental for any investor. Rock solid concrete block construction making this home stand out for a hassle free rental. New construction will get your client a better insurance rate. 10 year structural and 2 year systems warranty available. Fantastic location near schools, shopping and restaurants.

14. 2024-11-08
    historical 826-char remark

    Show marketing remark (826 chars)

    * * Photos are from a spec house that is completed * * Step into the spacious open living room with vaulted ceilings and split bedroom floor plan. The custom trim and high end finishes will impress any buyer. You will not find this level of quality at this price. Beautiful counter tops, upgraded bathrooms, upgraded base board and trim, custom lighting, upgraded LG stainless steel appliances, spacious laundry room, two car garage with off street parking. Bring your first time home buyer or this home would make a beautiful rental for any investor. Rock solid concrete block construction making this home stand out for a hassle free rental. New construction will get your client a better insurance rate. 10 year structural and 2 year systems warranty available. Fantastic location near schools, shopping and restaurants.

15. 2024-10-23
    historical Active Under Contract 826-char remark

    Show marketing remark (826 chars)

    * * Photos are from a spec house that is completed * * Step into the spacious open living room with vaulted ceilings and split bedroom floor plan. The custom trim and high end finishes will impress any buyer. You will not find this level of quality at this price. Beautiful counter tops, upgraded bathrooms, upgraded base board and trim, custom lighting, upgraded LG stainless steel appliances, spacious laundry room, two car garage with off street parking. Bring your first time home buyer or this home would make a beautiful rental for any investor. Rock solid concrete block construction making this home stand out for a hassle free rental. New construction will get your client a better insurance rate. 10 year structural and 2 year systems warranty available. Fantastic location near schools, shopping and restaurants.

16. 2024-09-13
    listed $325,000 Active 826-char remark

    Show marketing remark (826 chars)

    * * Photos are from a spec house that is completed * * Step into the spacious open living room with vaulted ceilings and split bedroom floor plan. The custom trim and high end finishes will impress any buyer. You will not find this level of quality at this price. Beautiful counter tops, upgraded bathrooms, upgraded base board and trim, custom lighting, upgraded LG stainless steel appliances, spacious laundry room, two car garage with off street parking. Bring your first time home buyer or this home would make a beautiful rental for any investor. Rock solid concrete block construction making this home stand out for a hassle free rental. New construction will get your client a better insurance rate. 10 year structural and 2 year systems warranty available. Fantastic location near schools, shopping and restaurants.

17. 2021-10-18
    soldstatus $38,000
18. 2005-03-21
    soldstatus $66,000
19. 2005-03-10
    soldstatus $33,000
20. 2004-10-01
    listed $34,995
21. 2004-09-11
    soldstatus $58,000
22. 2004-08-31
    soldstatus $29,000
23. 2004-08-03
    soldstatus $35,000
24. 2004-08-01
    listed $29,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $638 · $53/mo
• Projected year-2 tax: $2,490 · $208/mo
• Expected delta: +$1,852/yr (+$154/mo · 290.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,947
• − Mortgage interest: −$16,805
• − Property taxes: −$638
• − Insurance: −$1,500
• − Repairs & maintenance: −$2,076
• − Management: −$2,076
• − Depreciation: −$8,727
• Taxable loss: −$5,874
• Est. tax savings @ 24.0%: +$1,410
• After-tax cash flow: $891/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Brevard
• NCES district ID: 1200150
• Math proficiency: 53% ▼ -9.00%
• Reading proficiency: 57% ▼ -4.00%
• Median HH income: $49,426
• Composite: 46.86/100
• National rank: #2370
• State rank: #19 of 73 in FL

Livability — Palm Bay

• Score: 72/100
• State rank: #366
• US rank: #6458

Category grades

Amenities F Commute C+ Cost of living A+ Crime C+ Employment D+ Housing A+ Health & safety D- User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Palm Bay, FL
• County: Brevard County · 602,871 people
• City population: 132,211
• Metro: Palm Bay-Melbourne-Titusville, FL
• Population (ZIP): 41,804
• Household income: $79,977
• Rent vs Own: 17.3% rent · 82.7% own
• Severe rent burden: 697.0

Population outlook (Brevard County) Hauer SSP2

• Today (2025): 623,254 people
• By 2030: 648,420 · +4.0%
• By 2040: 690,009 · +10.7%
• By 2050: 715,669 · +14.8%
• By 2075: 775,744 · +24.5%
• By 2100: 776,687 · +24.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.70)
• Race & ethnicity: White 46% Black 21% Hispanic / Latino 20% Two or more races 16% Asian 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 8% Cuban 5%
• Common ancestry: Hispanic 3% Slovak 2% Lithuanian 2%
• Foreign-born: 17% · Canada, China, Jamaica
• Languages at home: 84% English-only · Spanish 9% French/Haitian/Cajun 4% Chinese 1%

Political lean MEDSL · Brevard

• 2024 margin: Strong R (+20.8) · D 39.1% · R 59.9% · Other 1.0%
• 2008→2024 swing: -10.4pp toward R · 2008: -10.4pp · 2024: -20.8pp
• All cycles: 2024: R+20.8 2020: R+16.4 2016: R+19.8 2012: R+12.7 2008: R+10.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 18.81%
• Current HPI: 330.8595
• Rent YoY: ▲ 3.67%
• Metro: Palm Bay-Melbourne-Titusville, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+934.5% since first listed

18 events — show timeline

• 2026-05-22 Contingent — SCMLS
• 2026-05-14 Listed $300,000 SCMLS
• 2025-06-11 Sold (Public Records) $290,000 Public Records
• 2025-06-05 Sold (MLS) $290,000 SCMLS
• 2025-05-23 Pending — SCMLS
• 2025-05-01 Listed $300,000 SCMLS
• 2024-11-09 Pending — SCMLS
• 2024-11-08 Listing Removed — SCMLS
• 2024-10-23 Contingent — SCMLS
• 2024-09-13 Listed $325,000 SCMLS
• 2021-10-18 Sold (Public Records) $38,000 Public Records
• 2005-03-21 Sold (Public Records) $66,000 Public Records
• 2005-03-10 Sold (MLS) $33,000 SCMLS
• 2004-10-01 Listed $34,995 SCMLS
• 2004-09-11 Sold (Public Records) $58,000 Public Records
• 2004-08-31 Sold (MLS) $29,000 SCMLS
• 2004-08-03 Sold (Public Records) $35,000 Public Records
• 2004-08-01 Listed $29,000 SCMLS

Property tax history

+19.2%/yr

Latest (2025): $638 · +22.8% YoY. Source: county tax records.